International Assets Investment Management LLC Has $7 Million Holdings in WEX Inc. (NYSE:WEX)

International Assets Investment Management LLC increased its holdings in shares of WEX Inc. (NYSE:WEX) by 19,044.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,992 shares of the business services provider’s stock after acquiring an additional 35,804 shares during the period. International Assets Investment Management LLC’s holdings in WEX were worth $7,002,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in WEX by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,196,239 shares of the business services provider’s stock worth $748,819,000 after acquiring an additional 131,664 shares during the last quarter. BlackRock Inc. grew its position in WEX by 1.2% during the 1st quarter. BlackRock Inc. now owns 4,107,306 shares of the business services provider’s stock worth $732,950,000 after acquiring an additional 49,480 shares during the last quarter. Wellington Management Group LLP grew its position in WEX by 4.2% during the 1st quarter. Wellington Management Group LLP now owns 4,101,566 shares of the business services provider’s stock worth $731,925,000 after acquiring an additional 164,902 shares during the last quarter. Morgan Stanley grew its position in WEX by 342.4% during the 4th quarter. Morgan Stanley now owns 2,059,893 shares of the business services provider’s stock worth $337,102,000 after acquiring an additional 1,594,294 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in WEX by 3.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,336,884 shares of the business services provider’s stock worth $245,840,000 after acquiring an additional 39,312 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Jagtar Narula sold 309 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total transaction of $72,071.16. Following the sale, the chief financial officer now owns 5,528 shares of the company’s stock, valued at approximately $1,289,350.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other WEX news, CEO Melissa D. Smith sold 41,107 shares of WEX stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $205.00, for a total value of $8,426,935.00. Following the sale, the chief executive officer now owns 81,998 shares of the company’s stock, valued at approximately $16,809,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jagtar Narula sold 309 shares of WEX stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total value of $72,071.16. Following the completion of the sale, the chief financial officer now directly owns 5,528 shares in the company, valued at approximately $1,289,350.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,433 shares of company stock valued at $14,708,896. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WEX shares. Evercore ISI increased their price target on WEX from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Barclays increased their price objective on WEX from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Jefferies Financial Group increased their price objective on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday. Mizuho increased their price objective on WEX from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, StockNews.com lowered WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $234.23.

WEX Stock Down 1.8 %

NYSE:WEX opened at $235.88 on Monday. WEX Inc. has a 12-month low of $161.95 and a 12-month high of $244.04. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $9.84 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.53 and a beta of 1.59. The stock’s fifty day simple moving average is $226.93 and its 200-day simple moving average is $201.01.

WEX (NYSE:WEX) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.15). The company had revenue of $663.30 million during the quarter, compared to the consensus estimate of $656.75 million. WEX had a return on equity of 31.33% and a net margin of 10.46%. Equities research analysts expect that WEX Inc. will post 13.51 earnings per share for the current year.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.